Slovakia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Slovakia

The Slovak pyrotechnic articles market soared to $X in 2021, with an increase of 188% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a significant expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Exports

Exports from Slovakia

After three years of decline, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 61% to X tons in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 451% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports surged to $X in 2021. Overall, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2014 when exports increased by 207% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for pyrotechnic articles exports from Slovakia, with a 59% share of total exports. Moreover, pyrotechnic articles exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X kg), sixfold. Italy (X kg) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled +72.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+29.8% per year) and Italy (+5.4% per year).

In value terms, the Czech Republic ($X), Poland ($X) and Italy ($X) appeared to be the largest markets for pyrotechnic articles exported from Slovakia worldwide, with a combined 66% share of total exports.

Poland, with a CAGR of +22.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, jumping by 85% against the previous year. Over the period under review, the export price, however, faced a sharp descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 180% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+35.4%), while the prices for the other major destinations experienced mixed trend patterns.

Pyrotechnic Articles Imports

Imports into Slovakia

In 2021, overseas purchases of signalling flares, rain rockets, fog signals and other pyrotechnic articles were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 24,707% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, pyrotechnic articles imports skyrocketed to $X in 2021. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 4,105%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest pyrotechnic articles supplier to Slovakia, with a 78% share of total imports. Moreover, pyrotechnic articles imports from France exceeded the figures recorded by the second-largest supplier, Hungary (X tons), tenfold. The third position in this ranking was held by Russia (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +787.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-20.1% per year) and Russia (-26.3% per year).

In value terms, France ($X) constituted the largest supplier of signalling flares, rain rockets, fog signals and other pyrotechnic articles to Slovakia, comprising 90% of total imports. The second position in the ranking was held by Russia ($X), with a 4.6% share of total imports. It was followed by Germany, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +316.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-7.5% per year) and Germany (+34.2% per year).

Import Prices by Country

In 2021, the average pyrotechnic articles import price amounted to $X per ton, which is down by -42.4% against the previous year. Overall, the import price, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 784% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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